Apple AAPL, (+0.82%) closed up 0.8% at a record $176.21 Wednesday, which was Apple’s fourth consecutive record close. Wednesday, November 8, 2017 also marked an all-time intraday high of $176.24 — passing the $175.29 mark needed to hit $900 billion (based on 5,134,312,000 shares outstanding).

At the close Wednesday November 8, 2017, Apple is now valued at just over $904.72 billion. About 23.9 million shares exchanged hands, under the 52-week average daily volume of 28 million shares.

With current outstanding share counts, Apple will reach the $1 trillion mark when shares trade above $194.77, which is $18.56 above today’s closing. The trillion dollar record is possible by the end of the year.

Apple’s market capitalization briefly passed $900 Billion on Wednesday, November 3, 2017 — the same day its $1,000 iPhone X was available for sale in stores. Last week, Larry McDonald, of The Bear Traps Report and head of U.S. macro strategies at ACG ANalytics believes that Apple’s stock if too far and too fast ahead of its latest earnings report.

This Afternoon: A 30 percent chance of rain, mainly after 4pm. Mostly cloudy, with a high near 66. South wind around 13 mph. New precipitation amounts of less than a tenth of an inch possible.

Tonight: Rain likely, mainly between 10pm and 4am. Mostly cloudy, with a low around 56. South wind 17 to 21 mph, with gusts as high as 26 mph. Chance of precipitation is 60%. New precipitation amounts between a tenth and quarter of an inch possible.

Thursday: A chance of rain before 10am, then a slight chance of showers after 10am. Mostly sunny, with a high near 66. Southwest wind 5 to 9 mph. Chance of precipitation is 50%. New precipitation amounts of less than a tenth of an inch possible.

Thursday Night: Mostly cloudy, with a low around 52. South southeast wind 7 to 9 mph.

Friday: A 20 percent chance of showers. Partly sunny, with a high near 65. South wind around 10 mph. New precipitation amounts of less than a tenth of an inch possible.

Friday Night: Partly cloudy, with a low around 48.

Veterans Day: Mostly sunny, with a high near 64.

Saturday Night: Partly cloudy, with a low around 48.

Sunday: Mostly sunny, with a high near 64.

Sunday Night: A slight chance of rain. Mostly cloudy, with a low around 51.

Monday: A chance of showers. Mostly cloudy, with a high near 63.

Monday Night: Partly cloudy, with a low around 47.

Tuesday: Sunny, with a high near 62.

Cupertino CA
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